ADGM Launches ‘Virtual Sell And Purchase’ Real Estate Service – UrduPoint
Abu Dhabi Global Market (ADGM) has unveiled the innovative “Virtual Sell and Purchase,” a pioneering real estate service that revolutionizes property transactions by enabling multiple steps to be completed virtually by buyers, sellers, and associated banks.
With this new offering, ADGM has seamlessly integrated three essential real estate procedures: Discharge of Mortgage, Register a Transfer, and Register a Mortgage, into a single, streamlined digital service. This consolidation not only simplifies the process but enhances efficiency for all parties involved.
Utilizing a secure online platform, this virtual service unites all relevant parties to carry out a transaction seamlessly, ensuring a vastly improved and frictionless customer experience. The standout element of this service is its groundbreaking virtual presence feature. This allows all parties to fulfill their roles in the transaction remotely, thereby removing the necessity for physical meetings or document exchanges. This innovation reduces processing times while upholding the highest standards of security and compliance.
Launched via ADGM’s cutting-edge digital property platform, AccessRP—developed in collaboration with ADRES—this service represents a significant leap in digital innovation for real estate services. AccessRP provides a comprehensive and enhanced suite of real estate transaction services, from property sales and purchases to off-plan developments and mortgage services. These end-to-end solutions are readily available for developers, owners, and investors alike.
Hamad Sayah Al Mazrouei, CEO of the Registration Authority of ADGM, remarked, “The introduction of the Virtual Sell and Purchase service is an important milestone in our continuous efforts to improve the ease of doing business and enhance customer experience in the real estate sector. By not only simplifying and accelerating services, we are redefining what a real estate journey should resemble in a contemporary digital economy.”
This innovation marks a significant development in the way real estate transactions are conducted, setting a new standard in digital engagement and accessibility for the sector. As ADGM continues to pioneer digital solutions, the Virtual Sell and Purchase service is expected to significantly impact how property transactions are perceived and executed in the modern age.
